Gujarat-based Torrent Power has raised ₹20 billion (~$216.58 million) through private placement of secured, non-convertible debentures (NCDs). The debenture issue comprises 200,000 NCDs, each with a face value of ₹100,000 (~$1,083), carrying a...

The Punjab State Electricity Regulatory Commission (PSERC) has reduced electricity tariffs across consumer categories for the financial year (FY) 2026-27 after determining that the distribution utility will have a surplus of ₹78.5 billion (~$850...

The Assam Electricity Regulatory Commission (AERC) has approved retail power tariffs for the financial year (FY) 2027, ranging from ₹3.35 (~$0.036)/kWh for low-tension (LT)-1 Jeevan Dhara category consumers to ₹13.03 (~$0.14)/kWh for LT-IX temporary...

The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a draft framework for resource adequacy planning to ensure that electricity demand in the state is met reliably while maintaining an optimal mix of generation resources. The...

Powergrid Corporation of India’s (POWERGRID) board has approved raising up to ₹50 billion (~$541.45 million) through an unsecured rupee term loan or line of credit from the Union Bank of India. The loan will provide the company with additional...

Ahmedabad-based Sahaj Solar has approved the incorporation of a step-down subsidiary in the United Arab Emirates (UAE) to implement a proposed 750 MW solar manufacturing facility with a strategic partner. The company’s board reviewed the earlier...

India’s standalone battery energy storage system tenders and storage-linked renewable energy auctions have seen bid prices fall sharply, intensifying concerns over whether projects can be executed and, if so, whether they can meet the required...

Mumbai-based packaging solutions company TCPL Packaging has acquired a 26% stake in Clean Max Hana to source power from the company’s 3.05 MW solar project in Uttarakhand under a captive arrangement. TCPL has invested ₹10.9 million (~$118,652) to...

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has invited bids from consultants to provide support for analyzing quarterly reports on subsidy demands raised by state distribution companies (DISCOMs) for the financial year 2026, as...